NEW - pay off £20,000 (ish) by Christmas 2009

paybacktime2008

Oh and another £125.50 bites the dust due to update on Barclays overdraft.

Spendaholic_Chick

I've read chunks of this thread looking for inspiration - some of the amounts some people have paid off are amazing - well done everyone!! Some of you pay off more in a month than I actually earn - is this all from just ebaying/amazon selling etc?

poorandindenial

I updated my totals yesterday but was miserable about it because it was just minimum payments, have got over my misery now and so am pleased to post that I have paid another £612.09 towards my debts.

Spendaholic - I think there are lots of people tackling it in different ways. Some of us have salaries that allow us to pay this sort of money, others of us are working overtime on ebay, carboots and second jobs to do it. Some people have done matched betting and I recall (I think it was) Hypno almost driving herself to distraction doing the free bingo trials last year. Oh and some people are doing a combination of all of the above.

Double_Trouble

Haven't posted on this thread for ages as life has been rather difficult and muddled recently. I have sorted out my snowball tonight and updated my signature and have paid off £1196.15 so far. Obviously this is nowhere near enough to make my challenge but have had to make a few hard decisions.

1. Decided that OH should have the car he wants so any spare money and extra earnt money is going into car fund at the moment. Decided that this was a priority as he has been quite ill this year and is a very good husband and father and if anything happened to him and he had not had this car I would feel so guilty (he has entered a comp to win one but I am not holding my breath). Not MSE and not sensible in view of below but something I need to do.
2. Learnt that our income is under threat could be down by 30% at least.
3. Decided to sell our house and our property in Lanzarote and move to an area with better schools so that we don't have to pay school fees. Have had our house valued even with the credit crunch I was surprised how much it had dropped and over £50000 difference in the valuations. After visiting the areas to see all the properties we had identified this weekend realised I could not live in any of them. So plan B is not to sell our house yet but to sell Lanzarote house first and then reassess market and if still no suitable houses available may consider building our own if we can find a plot. The downside being no idea how long it will take to sell but when it sells will clear credit cards.
4. Only making minimum payments and PAD payments on CC but got them all on to 0% or low life of balance rates so payments are making a difference. The payment this month has been lower because I have had to pay some balance transfers fees to transfer to 0% rates but worth it in the long run. One strange thing was that I had accidentally overpaid on one cc because minimum payment had gone out on a different date due to have been taken over by barclaycard went on line to check how much overpaid (£45.19) only to discover that I was over £5300 in credit when I checked they had credited the balance transfer as £10600 instead of £5300 checked card I transferred from but only £5300 transferred. So I rang them and they don't know how it has happened but they will be in touch she did say it would make a nice christmas present but it must belong to someone.:rolleyes:
5. Daren't pay off any more off debts at the moment as not sure what income will be (only paid 4 times a year) so have to be cautious.

So will either pay off all debts by selling Lanzarote house or very little if it doesn't sell as will have to reign in expenditure (except car:rolleyes:). I will leave target as is but not sure what 2009 will bring.

Thanks for listening to my rambles.

DTxx

kashton_2

Paid £100 off one of the CCS this morning, might have to wait a week now before i can make anymore payments :mad:
Still its going down......slowly

georgiasmum

Paid £25.58 to Next today. I am going to pay £1120 this month in addition to regular debt payments due to overtime and extra-vigilant food shopping. Have trimmed trivialities to the barest minimum! I want to start feb with a clear start and no piddly debts cluttering up my plans.

Uniscots97

Another 3.26 today.

Uniscots97

Spendaholic_Chick wrote: »

I've read chunks of this thread looking for inspiration - some of the amounts some people have paid off are amazing - well done everyone!! Some of you pay off more in a month than I actually earn - is this all from just ebaying/amazon selling etc?

Hi, I can only speak for myself on this. I made quite large payments last month as I got a bonus (yet now they're talking pay cuts go figure!). You'll see from my signature I took part in the tenner a day for the majority of last year this was made up of extra work, ebay, amazon, greenmetropolis, surveys, quidco and anything else I could lay my hands on basically. For this year I've decided to set myself a goal each month. This month its ebay as much as I can! Remember its not a race and every little helps. Even an extra pound or two is a less to pay interest on.

mummy2mygirls

hello. paid £115.44 today, only min payment but all helps.........

gailey_2

Right made decision not to include hubbys payemnts with amount paid despite soem of 9000 debt being his due to the fact hes paying it off monthly but still spending where as what i pay off is what i apy off no planned spends or will never be clear!
Oh on complete downer over debts and is skeptical we can pay off much this year due to losing bonus but is ay we can.
So plan is pay off mine
cat/barclaycard 1st! then show him it can be doen as I think seeing is believing with him!! Even had drea about paying off debts last nite which was nice!

In the mean time will do best to reign in his spending force him to pay extra off credit cards as his min payments just covering interest and spend less on credit cards.

This week my priority is ebay fees £52
overdue phoen bill £60-2months worth!
hoping to pay another £25 off barclaycard this month but thats just min did set £60 but oh drilled hole in to wall and took out half the electrics so need to pay electrician £85 to fix!
Will pay my suual 380 off od but wanted to pay £160! and £40 loan at end of month but ebay so slow atm!
Anyone else frustrated with lack of progress? im finding january hard so far but got few ideas up my sleeve.